MobiKwik, a digital payments firm, has achieved profitability for the financial year 2024, marking its first profitable year in 15 years. The company reported a net profit of Rs 14 crore, a significant improvement from a loss of Rs 83.81 crore in the previous year. Its EBITDA turned positive, with Rs 37.22 crore compared to a loss of Rs 55.92 crore in FY23, resulting in a positive EBITDA margin of 4.18%. Operating revenue increased by 62% to Rs 875 crore. However, lending operational expenses rose sharply by 294% to Rs 270 crore. MobiKwik is preparing for an initial public offering (IPO) with renewed confidence.